Strengths
The Vulcan materials company has strengths that other competitor companies do not have; hence the company can survive amidst competition from other companies. The major strengths of the company are the attributes that the company has(Scolozzi, Schirpke, Morri, D’Amato, & Santolini, 2014). The attributes make the company unique from other companies offering similar services; hence the customers get the best services. The company can retain its customers by providing quality services. The attributes of the company enable it to access capital through debts from financials whenever the company needs finances. The access of capital has allowed the company to solve many challenges that it faces.
Weaknesses
The weakness of the company includes lack of enough funds to funds its activities. The company is forced to borrow from financiers, and hence it pays the funds with interest, the profit that the company is reduced (Scolozzi, Schirpke, Morri, D’Amato, & Santolini, 2014). The other weakness of the company is that it’s affected by weather patterns; the company relies on fair whether to run. When rainfall increases the company is unable to operate.
Opportunities
The company has many opportunities that it can utilize and make more profit, among the opportunities that the company has is that there are new areas that have rocks that can be exploited(Scolozzi, Schirpke, Morri, D’Amato, & Santolini, 2014). The company can utilize the opportunity by using the rocks to increase the production capacity of the company and increase profit margins. The demand for building materials is rising; hence the company can utilize the opportunity by having more new quarries to meet the demands.
Threats
The Vulcan materials company also faces threats the might make the company close down. Among the threats is competition(Scolozzi, Schirpke, Morri, D’Amato, & Santolini, 2014). Other companies are trying to outperform Vulcan materials company; hence the company faces the threat of closing down due to stiff competition. The competition makes it difficult for the company to acquire new customers.
Reference
Scolozzi, R., Schirpke, U., Morri, E., D’Amato, D., & Santolini, R. (2014). Ecosystem services-based SWOT analysis of protected areas for conservation strategies. Journal of environmental management, 146, 543-551.
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